Finnair named to environmental ‘A List’ for action on climate change
(Warsaw 21.10.2014) The Carbon Disclosure Project (CDP) has awarded Finnair a position on The A List: The CDP Climate Performance Leadership Index 2014, for actions to reduce carbon emissions and mitigate the business risks of climate change. Finnair is the only airline awarded an A grade for its climate performance.
CDP provides the only global environmental reporting system at the request of 767 investors who represent some US$92 trillion in assets, or more than a third of the world’s invested capital.
The index presents 187 listed companies identified as demonstrating a superior approach to climate change mitigation. Information provided by nearly 2 000 listed companies has been independently assessed against CDP’s widely-respected scoring methodology and ranked accordingly. Finnair is the only airline awarded an A grade for its climate performance.
“Aviation is an extremely energy- and capital-intensive sector, and our advanced capacity to measure and disclose information relating to this intensity allows us and our shareholders not only to understand Finnair’s climate impact but take steps to actively reduce it while also controlling costs,” says Finnair CEO Pekka Vauramo.
“Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not reduce them,” says CDP CEO Paul Simpson. “The business case for action to mitigate climate change has never been stronger or more urgent.”
Finnair is on track to reduce per-seat CO2 emissions by 24 percent between 2009 and 2017. The airline’s actions to reach this target and improve its environmental performance include:
- Flying with a modern, fuel-efficient fleet. In 2013 Finnair was the global launch customer of Airbus A321 with fuel-saving Sharklets and next year will be the European launch customer of the next-generation A350XWB, which will be approximately 25 per cent more fuel-efficient than the previous generation of aircraft.
- Strict “weight watching” of aircraft, including flying with ultra-light cargo containers that save more than 2.5 million kg of CO2 emissions every year.
- Continuous Descent Landings and other operational measures to limit fuel consumption and CO2 emissions.
- Exploring the development (with partners in the value chain) of a biofuel hub at Helsinki Airport.
- In 2013, consolidating its offices and moving to a new LEED Platinum-certified head office near Helsinki Airport.
The A List: CDP Climate Performance Leadership Index 2014, along with the climate disclosures of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.
Further information:
Finnair Media Desk, + 358 9 818 4020, comms@finnair.com
Finnair Gallery: http://gallery.finnair.com
Finnair on Twitter: www.twitter.com/Twitter
Finnair blogs: http://blogs.finnair.com
Finnair on Facebook: www.facebook.com/finnair
Finnair Group website:www.finnairgroup.com
About CDP
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.
About Finnair
Finnair is specialised in fast connections between Europe and Asia via Helsinki. The airline carries more than eight million passengers annually and connects 13 cities in Asia with more than 60 destinations in Europe. The airline, a pioneer in sustainable flying, operates a young, modern fleet and is the first airline listed in the Leadership Index of the worldwide Carbon Disclosure Project. The only Nordic carrier with a 4-star Skytrax ranking, Finnair has also won the World Airline Award for Best Airline Northern Europe for the past five years running. Finnair is a member of oneworld, the alliance of the world's leading airlines committed to providing the highest level of service and convenience to frequent international travellers.
